Saturday, September 11, 2010

End of June TZA Buys Flanking a Continuation Pattern




The top chart is a 90min TNA chart. The two large green rectangles (1st & 3rd) in the TNA Price/MA Window are TZA Buys triggered by EMA greater than MA/100 less than CCI less than 250/Green AO/White KH over 2.5 million (ECGW) Criteria on the 90 min TZA chart. The first TZA Buy Green Rectangle pictured on the TNA Chart has numerous yellow ovals (buying pressure on low volume: big boys aren't buying TNA stock) and orange ovals (TNA upthrust on low volume: big boys drive price up to suck in buyers at the end of a run-up). A 3-phase continuation pattern in the opposite direction of the downward TNA trend occurred between the two TZA run-up. The continuation pattern was formed by a rising alternation between buying pressure and upthrust bars. This pattern occurred within a consolidation period (light blue absolute CCI less than 100 rectangle). The middle green rectangle was associated with a pre-ECGW TZA Buy Signal.
The TZA chart is the mirror image of the TNA chart. The continuation pattern on the TZA chart is made of alternating olive (Falling Pressure: Big boys aren't selling TZA) and yellow ovals (TZA Buying Pressure: Big boys aren't buying TZA).
TNA Upthrusts orange ovals are equivalent to TZA Buying Pressure yellow ovals: the Big Boys aren't buying TZA as they drive up TNA prices for the suckers. TNA yellow Buying Pressure ovals are equivalent to TZA Falling Pressure olive ovals: Big boys aren't buying TNA and they aren't selling TZA.
The pre-MCGW TZA Buy Signal was triggered on the upper chart by the CCI going over 100, a saucer on the AO, a green KH oval in conjunction with a rising TSI. The CSI & R square both went up to compliment the TZA run-up.
Little Boy, Bendy Boy & Big Boy by Paul Greenwood

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